Weak Economy Continues to Impact
Photo: Oscar Olsson/TT

Weak Economy Continues to Impact Swedish Public Finances

The public sector's finances are weighed down by the weak economy and will show a large deficit this year as well, according to a new forecast from the Swedish Agency for Public Financial Management (ESV).

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The financial savings in the public sector are nonetheless strengthened by 6 billion kronor this year to a deficit of 90 billion kronor.

"It is the municipal sector that accounts for the reinforcement as a result of lower pension costs, while the savings deteriorate in the state", says Ann-Sofie Öberg, deputy forecast manager at ESV in a press release.

The agency writes that the structural savings are at the limit for a clear deviation.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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